3060 Panorama Road

Riverside, CA 92506

  • 0 Bed(s)
  • 0 Bath(s)
  • 14,529 Sqft
  • 112820
    Sqft(Lot)
$3,350,000

Description

We are proud to present an exceptional opportunity to acquire a unit 12-unit multifamily property located at 3060 panorama road in the city of riverside.

running adjacent to the 91 freeway, off of central avenue and ivy street, the property consists of ±14,529 sf of rentable square feet and is situated on a generous ±112,820 sf hillside lot. the property boasts mature landscaping with lovely mountain views, and onsite carport and surface parking. the units are spacious with an average size of 1,211 sf and feature upgraded fully equipped kitchens with electric stoves and oven ranges, dishwashers, in-unit washer and dryer hook-ups, horizontal blinds, ac/heating, modern fixtures, large walk-in closets, spacious patios or balconies, and a combination of stylish plank wood and carpet flooring throughout.

3060 panorama road offers a central location with convenient access to the metrolink downtown riverside commuter rail station. the property is also close to shopping centers, theaters, restaurants, and trendy shops, catering to diverse needs and providing excellent entertainment options.

the inland empire, and riverside in particular, presents a compelling opportunity for multifamily investors seeking portfolio expansion. riverside benefits from a robust and growing workforce, anchored by the presence of major regional distribution centers. these hubs of commerce attract a consistent influx of new residents seeking employment, creating a reliably strong and stable demand for rental housing. the area’s economic foundation, driven by logistics and distribution, provides a level of stability that can be particularly appealing to investors looking for long-term growth and minimal vacancy risk. furthermore, the inland empire, while experiencing growth, often offers more competitive entry points compared to other southern california markets, making it an attractive option for investors looking to diversify their holdings or enter the multifamily market.

3060 panorama road is a stable income-producing asset in the inland empire, promising a strong return on investment. whether you’re a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 exchange, this property offers exceptional stability and long-term value.

  • Property Type

    Residential Income

  • County

    Riverside

  • Style

    Residential Income

  • AD ID

    48731419

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 1968
    • Building Area Total: 14,529

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup,Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 2.59
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 112820

  • Listing Price Information

    • Original List Price: 3,350,000
    • Listing Contract Date: 2025-02-26

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 219250006

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 252 - Riverside
    • Directions: Merge onto CA-91 W toward Riverside/Beach Cities, Take exit 63 toward 14th St, Use the 2nd from the right lane to turn right onto 14th St, Turn left onto Olivewood Ave, Turn left onto Panorama Rd
    • Zoning: R3
    • Source Property Type: Residential Income
    • Area: 252 - Riverside
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 57
    • Common Walls: 1 Common Wall
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 03/03/2025 @ 19:57

  • MLS: CV25042378
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 14,529 sqft, 112,820 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Riverside , in zip code 92506, this Riverside County Home are nearby neighborhoods.